The recession has enabled the California Dept. of Transportation to save approximately $2.4 billion in construction costs for major projects since 2006 due to strong competition. Some bids are coming in at 40% below engineers’ estimates, says Kris Kuhl, supervising transportation engineer and official chief for contract awards and services at Caltrans. Overall, Kuhl says that so far this fiscal year, project bids are averaging 33.8% under estimates. The savings, obviously, means that Caltrans can push for more transportation construction starts, Kuhl adds. “Depending on the nature of the work, we also are seeing a record number of bidders,” he
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.